- The total of my future expenses each year is $71,564. I know this is logical because my primary sources for information were my parents, Zillow, finance websites, Comcast, health websites, and entertainment websites.
- According to the Bureau of Labor Statistics, I can likely count on making $182,660 each year in my future job as a psychiatrist/psychologist. My education/training to get that job will cost $251,535 total for all years of training.
- I want to save $10,000 for my rainy day fund each year, and $15,000 for retirement each year. If I save $15,000 for retirement each year, by the time I am 65 years old I will have $495,000 plus interest.
- Comparing my future income and expenses makes me think that I will have leftover money to spend where there are emergencies or where I decide to splurge on something.
Wednesday, July 9, 2014
Finance
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It's good that you're organized and know generally what your salary will be like when you're older! You seem like you have a plan which will be really useful, so good job!
ReplyDeleteThat sure is a lot of money that you will be earning, I am impressed. How long do you have to stay in college? Does a degree in psychiatry cost more than other degrees with similar lengths of schooling?
ReplyDeleteThis is great! Its simple and gets to the point. I like how you added other places besides your parents where you got your information from in the first bullet point. Your job is very well paying so you can have a great lifestyle. Keep up the good work girl!
ReplyDeleteYou are super ambitious and confident! Good luck to you in the future and I'm sure you will earn every last penny.
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